I think it is due to 1) being in an unloved sector (mining services）, 2) fear that if there is a mining downturn that contractors will be left with large losses and 3) fear that margins are being squeezed by covid border closures and tight labour market. It may take quite a while for market to re-rate. I do think for a longer time horizon is a good investment, but market seems quite short term focussed on some mining services companies like MAH and NWH but not others like SWK etc.
Interested to hear others views.
Best of luck with your position BTW.
I think it is due to 1) being in an unloved sector (mining...
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Last
29.0¢ |
Change
0.010(3.57%) |
Mkt cap ! $624.9M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.5¢ | 28.0¢ | $900.0K | 3.133M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 61864 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 18769 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MAH (ASX) Chart |